+1-888-308-5802     
News Contact Us

Asphalt mixing plants market report 2019 | Regional revenue, growth forecast to 2024

Author : Rahul Varpe | Published Date : 2019-05-01 

Global Market Insights has recently added a report on Asphalt Mixing Plants Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

Road construction was the biggest application segment for asphalt mixing plants market in 2016 and shall grow at a CAGR of 1.6% in the forecast duration. Asphalt mixing plants are primarily used to produce warm mix aggregate which is used in road construction and repair activities. Latin America and Asia Pacific, followed by Middle East & Africa, are increasing their investments in improving public infrastructure, of which, road repair and construction, accounts for a major part. This dynamic will subsequently push the product demand in above region over the next few years.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1998

Asphalt Mixing Plants Market size may exceed USD 7 billion by 2024. Strong growth drivers in construction industry are likely to remain a prime factor propelling the asphalt mixing plants market in the forecast period. The industry is primarily driven by product demand from road construction and repair projects. Booming commercial and passenger vehicles sales across the globe shall consequently lead to rise in road repair and construction activities. This trend shall propel asphalt mixing plants market in the next few years.

Increasing asphalt production, mainly in Europe and the U.S., is a crucial growth factor for asphalt mixing plants market size growth over the next few years. However, toxic emissions by these plants may pose substantial threat to the business due to prevalence of stringent norms concerning environment and public health protection adopted by several countries, that majorly emphasize on using equipment & machinery emitting minimum pollutants.

Batch asphalt mixing plants held a major chunk of global asphalt mixing plants market in 2016. Batch plants offer greater flexibility as the hot mix aggregate composition can be altered with every batch. Continuous asphalt mixing plants market size shall observe CAGR of over 1.3% by 2024. Parallel flow and counter flow are two main types of continuous plants and counter-flow currently has higher demand than parallel and shall witness significant gains during the forecast timeframe. This is on account of its superior design and structure along with low pollutant emission.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1998

 

Asia Pacific had a major share of asphalt mixing plants market in 2016, both in terms of volume and value, and shall continue to hold its position in the coming years. The prime reason driving the market?s growth in Asia Pacific is the huge amount of capital being invested by governments, particularly of China, India, Thailand, Malaysia and Japan, to improve the road infrastructure of their nations. This shall prove as a new growth opportunity for companies planning to expand their production and operations in Asia Pacific as it possesses huge market potential.

Key market share contributors operational in asphalt mixing plants market are AMMANN, Marini, Benninghoven GmbH, ASTEC Industries, Sany Group, Nikko Limited and Kredmash. Other major companies functional in product market are Lintec, NFLG Inc., Cesan, Speedcrafts, DELTA Group and SPECO.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Thermoplastic Elastomers (TPE) Market to gain rapid expansion from construction and automotive sectors over 2019 – 2023

Published Date: 2019-05-24         Author: Rahul Varpe

Asia Pacific thermoplastic elastomers market, worth USD 4 billion 2015, will grow significantly over 2016-2023, subject to the vast number of automotive manufacturing units and the rising number of construction projects in the region. Subject to their superior properties, TPU and TPV products are he... Read More

Asia Pacific Synthetic Paper Market is projected to grow at a CAGR of 7.4% by 2023

Published Date: 2019-05-24         Author: Rahul Varpe

Asia-Pacific has led the global industry as the region is the biggest exporter in the world and has largest packing industry globally. It is projected to record CAGR of 7.4% and touch revenue of $162 million by end of forecast timeline. China and India synthetic paper market share has dominated the ... Read More

Silicone Elastomers Market to growth significantly over 2019 -2024, APAC to emerge as the pioneering regional contenders

Published Date: 2019-05-24         Author: Rahul Varpe

Silicone elastomers market demand, regarding volume and value, portrays the present and future forecasts by the parallel economic and industry outlook. This analysis covers various feature properties including transparent, lightweight, high resistance and thermal stability which make it a preferred ... Read More

© 2019 Fractovia. All Rights Reserved